Dole Food (DOLE) confirms receiving a buyout offer from a group led by its CEO at $12 per share....

|About: Dole Food Company, Inc. (DOLE)|By:, SA News Editor

Dole Food (DOLE) confirms receiving a buyout offer from a group led by its CEO at $12 per share. Traders are hopping mad over the development because the company recently cancelled a share buyback which may have had the ultimate effect of lowering the acquisition price in the proposed transaction. DOLE +16.2% premarket to $11.85.